Pop-ups are coming to the Tube: Three ideas for how startups can hop onto the trend successfully March 16, 2014 POP-UP shops could soon be appearing at a Tube station near you. On top of reports that Transport for London is exploring turning obsolete ticket offices into online delivery collection hubs, it signed a deal last week to make its retail property empire available for temporary occupation. Its estate amounts to 1,000 retail premises within [...]
What you need to know before the US open March 14, 2014 US futures had been moving higher today, pointing to a more optimistic open for markets after a difficult week. But bond yields have slipped after an unexpected fall in producer prices: The producer price index fell 0.1 per cent in February, with services decreasing 0.3 per cent. Goods, however, rose 0.4 per cent. Consumer confidence, [...]
Boohoo bounces onto Aim as shares hit 85p March 14, 2014 It's the first day of trading for online fashion retailer Boohoo.com, and shared are surging. Making its debut on London's Aim, shares opened at 85p – well above the offer price of 50p. Shares are currently trading around 78p. The firm raised £300m through its initial public offering, and is the third UK retailer to [...]
What the other papers say this morning – 14 March 2014 March 13, 2014 FINANCIAL TIMES Zuckerberg attacks US surveillance Mark Zuckerberg, Facebook founder and chief executive, has strongly criticised the US government for dragging its heels on plans to reform its mass surveillance programme. In a post on the social network, Zuckerberg said he had called President Barack Obama to express his “frustration” over the damage the government [...]
London listings in best start to year since 2007 March 13, 2014 LONDON’S red hot stock market is set to deliver the best first quarter for floats since the financial crisis, as a host of companies rushed to join the flotation queue yesterday. The capital’s stock market has raised $5.92bn (£3.5bn) since the start of the year, the best first quarter for initial public offerings since the [...]
Biggest float in Denmark for 20 years as ISS lists March 13, 2014 DANISH cleaning and services firm ISS swept onto the Copenhagen stock market yesterday in the largest share float in the Nordic country since 1994. Shares in the company climbed 15 per cent on their debut yesterday morning after being priced at 160 Danish crowns (£17.88) per share, the midpoint of the range. The offering, which [...]
Homes in homage to enterprising MP March 13, 2014 New homes alongside Regent’s Canal are a natural haven away from the hustle and bustle A TRIBUTE to the historical figure who inspired the London Underground logo lies in the bricks and mortar of contemporary London. The industrial architecture of the newest homes to arrive in King’s Cross pay homage to Liberal MP Samuel Plimsoll [...]
Traders paw off Pets at Home as shares fall back March 12, 2014 PETS at Home shares fell by a whisker in initial trading yesterday as the £1.2bn float was left in the shade by a strong debut from fellow high street chain Poundland. Pets, which floated at 245p yesterday morning, ended the day trading around 243p after falling as low as 230p during a rocky start in [...]
Contactless payments rising as TfL and retailers drive adoption March 12, 2014 CONTACTLESS payments on the high street jumped nearly 300 per cent last year, according to figures from Visa yesterday. Visa Europe’s director of contactless Mark Austin said that the 94.3m payments had been spurred by Transport for London’s use of contactless on buses last year and the increasing numbers of retailers installing terminals. Adoption from [...]
Poundland shares pop on first day of trading March 12, 2014 On its first of trading, Poundland has seen its shares jumped by 17 per cent. The company's initial public offering was priced significantly above its retail items of one pound, at 300p per share, toward the higher end of the range. The price gave Europe's biggest single-price retailer a market capitalisation of £750m. There has [...]